2005 Officer and Employee Bonus Plan Established by Board of Directors
This agreement outlines a bonus plan established by the company's board of directors on February 2, 2005. Under the plan, officers and salaried employees are eligible to receive quarterly cash bonuses. The board will determine the potential bonus amounts each year, and actual payments depend on the company meeting specific revenue and earnings targets. The plan is designed to reward employees based on the company's financial performance.
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Exhibit 10.12
BONUS PLAN
On February 2, 2005, our board of directors established a bonus plan under which officers and salaried employees will be eligible to receive cash bonuses, payable quarterly, in an amount to be determined by the board of directors. The potential bonus amounts will be determined annually by the board of directors and the payment of these bonuses will be dependent on the achievement of certain corporate revenue and earnings goals.
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- Exhibit 10.12
